What may be a consequence of laws on labor unions and employment in Western Europe that make it difficult to terminate employees?
A) succession planning becomes less relevant
B) employee compensation decreases
C) companies may choose to hire many employees
D) companies may be reluctant to hire many employees
Answer: D
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How is general ledger updating accomplished by the various accounting subsystems?
A) Individual journal entries for each accounting subsystem transaction update the general ledger every 24 hours. B) Summary journal entries that represent the results of all transactions for a certain time period are used to update the general ledger. C) The controller or treasurer must approve accounting subsystem journal entries before any updating may occur. D) Nonroutine transactions are entered into the system by the treasurer's office.
An acceptance of an offer to sell goods may not change the terms of the offer if both offeror and offeree are nonmerchants
a. true b. false